Home > Term: base year
base year
A reference period which determines a fixed price level for comparison in economic escalation calculations and cost estimates. The price level index for the base year is 1.000.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Military
- Category: Missile defense
- Company: U.S. DOD
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- mf1967
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(Oklahoma, United States of America)
